NEW DELHI: Flying is set to get more expensive, with oil marketing companies Tuesday increasing aviation turbine fuel (ATF) prices by 10% under the new price-stabilisation regime. ATF prices will remain frozen at this level for three years under the new regime. Jet fuel for domestic carriers will now cost Rs 115 per litre, up…
Aviation turbine fuel (ATF) prices for domestic airlines rose by around 10 per cent on Tuesday as state-owned oil marketing companies rolled out a government-backed price stabilisation scheme that will allow carriers to lock in fuel rates for up to three years.Under the new regime, airlines opting into the scheme will pay a fixed ATF…
Hours after domestic LPG prices were raised by Rs 29 per cylinder, the Centre mounted a detailed defence of the increase, arguing that Indian households continue to be protected from the full impact of a sharp rise in global energy prices triggered by the West Asia crisis. The government said the cost of supplying a…
For fuel stations, vehicles are the first priority Pune: A state govt circular issued on Friday clarified that commercial and industrial consumers requiring large quantities of fuel are expected to procure diesel directly from oil marketing companies, rather than retail petrol pumps.The circular was issued by the food, civil supplies and consumer protection department in…
Pune: While airlines may laud the Centre’s Rs10,000-crore aviation turbine fuel (ATF) price stabilisation fund as a vital cushion in times of surging global crude prices, for Salisbury Park resident Jagannath Sinha, the relief is nowhere to be found.Sinha, a private sector employee, was left stunned while checking airfares for Diwali in early Nov. “Our…
The district administration has denied imposing any blanket ban Pune: Fuel pump operators in Pune on Thursday largely stopped dispensing diesel in cans and other containers to hospitals, schools, banks, housing societies, businesses and farmers, following a series of directives by district authorities and subsequent enforcement of existing petroleum norms, creating confusion among dealers over…
A Union government scheme will freeze jet fuel prices for airlines in an attempt to shield them from the West Asia energy crisis. Public sector oil marketing companies (OMCs) have set the price of aviation turbine fuel (ATF) under the Rs 10,000-crore price stabilisation fund scheme at Rs 115 per litre, or Rs 1.15 lakh…
New aviation fuel station at SVPI has a storage capacity of 8,000 kilolitres Ahmedabad: Sardar Vallabhbhai Patel International (SVPI) Airport has operationalised a new aviation fuel station with a storage capacity of 8,000 kilolitres, in a move aimed at improving refuelling efficiency and supporting rising air traffic at Gujarat’s busiest airport.Airport operator Ahmedabad International Airport…
According to OMC officials, a significant factor behind the surge in diesel sales at public sector retail outlets has been a shift in procurement patterns from bulk consumers to authorised fuel stations Ahmedabad: Despite the call for austerity measures by the Union govt, Gujarat recorded a sharp 32.4% rise in diesel sales and 15.3% rise…
NEW DELHI: Drawing lessons from the disruption in energy supplies because of the West Asia conflict, govt has asked oil marketing companies to work on creating a 30-day strategic reserve of LPG.Petroleum ministry joint secretary Sujata Sharma said the reserve would be over and above the 45-day rolling stock maintained by oil retailers to meet…
